Consumer Portfolio Services, Inc. (NASDAQ:CPSS) – Analysts at Jefferies Group lowered their FY2017 earnings per share (EPS) estimates for shares of Consumer Portfolio Services in a note issued to investors on Tuesday. Jefferies Group analyst J. Hecht now anticipates that the credit services provider will earn $0.68 per share for the year, down from their previous estimate of $0.70. Jefferies Group has a “Buy” rating and a $6.00 price target on the stock. Jefferies Group also issued estimates for Consumer Portfolio Services’ Q1 2018 earnings at $0.15 EPS, Q4 2018 earnings at $0.18 EPS and FY2018 earnings at $0.73 EPS.

Consumer Portfolio Services (NASDAQ:CPSS) last posted its quarterly earnings data on Monday, July 24th. The credit services provider reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). Consumer Portfolio Services had a return on equity of 12.76% and a net margin of 5.49%. The business had revenue of $110.07 million for the quarter, compared to analyst estimates of $110.31 million. WARNING: “Consumer Portfolio Services, Inc. Forecasted to Earn FY2017 Earnings of $0.68 Per Share (CPSS)” was first posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2017/10/11/consumer-portfolio-services-inc-forecasted-to-earn-fy2017-earnings-of-0-68-per-share-cpss.html.

Separately, Zacks Investment Research cut shares of Consumer Portfolio Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th.

Consumer Portfolio Services (NASDAQ:CPSS) opened at 4.63 on Wednesday. Consumer Portfolio Services has a 1-year low of $3.66 and a 1-year high of $6.05. The stock’s 50 day moving average is $4.33 and its 200-day moving average is $4.41. The firm has a market capitalization of $105.25 million, a P/E ratio of 5.50 and a beta of 1.63.

A number of institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its holdings in Consumer Portfolio Services by 0.6% during the first quarter. Goldman Sachs Group Inc. now owns 70,127 shares of the credit services provider’s stock worth $330,000 after purchasing an additional 397 shares during the last quarter. Numeric Investors LLC boosted its holdings in Consumer Portfolio Services by 0.5% during the second quarter. Numeric Investors LLC now owns 244,034 shares of the credit services provider’s stock worth $1,110,000 after purchasing an additional 1,329 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Consumer Portfolio Services by 0.9% during the second quarter. Vanguard Group Inc. now owns 760,620 shares of the credit services provider’s stock worth $3,461,000 after purchasing an additional 6,530 shares during the last quarter. Hancock Holding Co. boosted its holdings in Consumer Portfolio Services by 17.6% during the second quarter. Hancock Holding Co. now owns 44,185 shares of the credit services provider’s stock worth $201,000 after purchasing an additional 6,615 shares during the last quarter. Finally, Continental Advisors LLC boosted its holdings in Consumer Portfolio Services by 1.0% during the first quarter. Continental Advisors LLC now owns 1,036,309 shares of the credit services provider’s stock worth $4,881,000 after purchasing an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 46.74% of the company’s stock.

In other news, major shareholder Second Curve Capital Llc sold 15,000 shares of Consumer Portfolio Services stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $3.97, for a total transaction of $59,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 35,000 shares of company stock valued at $138,750 over the last quarter. Corporate insiders own 37.50% of the company’s stock.

Consumer Portfolio Services declared that its board has authorized a stock repurchase program on Monday, July 24th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the credit services provider to purchase up to 9.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans.

Earnings History and Estimates for Consumer Portfolio Services (NASDAQ:CPSS)

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